| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3540 Registered: 05-2011 Rating: N/A |
COIN Earnings update from last evening: 1.Coinbase revenue tripled from last quarter as crypto prices skyrocketed 2. It also brought in $1.80 billion of revenue, up from $585 million in the fourth quarter of 2020 and $191 million a year ago. 3. The company’s net profit for the quarter was over $771 million, more than fourfold over Q4 2020′s figure of $177 million and more than 24 times higher than the year-ago quarter’s profit. 4. On the earnings call, the company said that it planned to list dogecoin in the next six to eight weeks. The meme-inspired cryptocurrency was up as much as 26,000% in the last six months 5. Roughly 94% of the company’s net revenue in the first quarter came from transaction fees from trading 6. Monthly transacting users more than doubled from the previous quarter, from 2.8 million to 6.1 million. Coinbase’s 56 million verified users 7. it offered guidance of between 5.5 million and 9.0 million monthly transacting users for the full year Finally added my first starter position at 250 |